Box: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Box reported Q1 earnings with an EPS of $0.32, beating estimates by 18.52%. Revenue increased by $13.47 million compared to the same period last year. Last quarter, the company beat EPS estimates but experienced a 12.92% drop in share price the next day.
May 30, 2023 | 8:10 pm
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Box's Q1 earnings beat estimates with an EPS of $0.32, an 18.52% increase. Revenue rose by $13.47 million YoY. However, last quarter's beat was followed by a 12.92% share price drop.
Box's Q1 earnings beat estimates, which is generally a positive signal for the stock. However, investors should be cautious as the company experienced a significant share price drop after beating estimates last quarter. The positive earnings report may lead to a short-term increase in the stock price, but the past performance suggests potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100